Exam (elaborations)
ECON 1001 Fall Midterm (Chap. 1) - Carleton University Questions With 100% Correct Answers.
- Course
- Institution
Business Cycle - fluctuations in economic activity, such as employment and production Economics - the study of how society manages its scarce resources Efficiency - the property of society getting the most it can from its scarce resources Equity - the property of distributing economic prosperity...
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